Category Archives: RBA decisions

Australia is demonstrating at the moment the monumental bind that neo-liberal (Monetarist) thinking has reached with respect to macroeconomic policy. By extolling the virtues of monetary policy as the only viable counter-stabilisation tool and eschewing the use of fiscal policy … Read the rest of this entry »

The Reserve Bank of Australia cut interest rates yesterday – to the lowest level since the 1950s – as an emergency measure to combat a failing economy, which is being pushed over the cliff by the excessively tight fiscal policy. … Read the rest of this entry »

The Austrians are lying about my country. They generally lie about everything but when it comes to my own nation of which I know the data very well then something has to be done. Today I examine the claim by … Read the rest of this entry »

Last month, the Reserve Bank of Australia (RBA) held its policy rate unchanged at 4.5 per cent contrary to what the bank economists expected. I said at the time in this blog – RBA confounds the market economists – but … Read the rest of this entry »

The Reserve Bank of Australia (RBA) announced today that its policy rate would stay unchanged at 4.5 per cent. It means that the policy rates have been on hold since May after the tightening cycle began in October 2009 and … Read the rest of this entry »

The Reserve Bank of Australia (RBA) announced today that its policy rate would stay unchanged at 4.5 per cent. This brings to an end (for now) the tightening cycle which began in October 2009 and has seen 6 rises since … Read the rest of this entry »

Today, the Reserve Bank of Australia (RBA) announced that its policy rate will rise by 0.25 per cent to 4.5 per cent. This will push mortgage rates well above 7 per cent. Every time the RBA lifts its rate by … Read the rest of this entry »

This time last month I was trying out the mobile office concept up the coast (see blog). The experiment was a success but the blog I wrote that day coincided with the decision of the Reserve Bank (RBA) to hike … Read the rest of this entry »